U.S. Stocks Fall as Disney, GE Slump Amid Debt Concern

May 5 (Bloomberg) -- Bloomberg's Deborah Kostroun reports on the performance of the U.S. equity market today. U.S. stocks fell, sending the Standard & Poors 500 Index to a six-week low, as concern that European government debt levels will derail the global recovery overshadowed growth in American service industries and jobs. Bloomberg's Pimm Fox also speaks. (Source: Bloomberg)

Bob Chapman : Real Estate is not going to recover for at least 8 years , you should rent not buy

Bob Chapman : Southern California is going to become an absolute zoo

The silver is really under priced , silver is basically a commercial metal today , and they do not produce enough silver every year to meet the commercial demand , the only reason the silver price is where it is today is because the government is manipulating the prices , this won't last forever , these prices are going to break out , silver is probably a better buy than gold from a leverage point of view says Bob Chapman the International Forecaster
you do not want to own a real estate you want to rent , it is cheaper and gives you more mobility ...you wanna travel light nowadays says Bob Chapman , we do not know what it is going to happen but it is not going to be good , Bob Chapman added . The price on the average house in America right now is down 32% , Bob Chapman expects it to go down 40% , there are areas where they are down 50% 60% , 70% and they are going to go lower......

Bob Chapman : Real Estate is not going to recover for at least 8 years , you should rent not buy